42QV Elering 23

TIDM42QV

RNS Number : 7621G

Elering AS

31 March 2022

Elering AS

31 March 2022

Publication of Annual Report for the year ended 31 December 2021

Elering is pleased to announce its annual results for the year 2021.

Highlights:

   --     Revenue EUR 208 million (EUR 142 million in 2020) 
   --     Net profit EUR 5 million (EUR 25 million) 
   --     EBITDA EUR 55 million (EUR 73 million) 
   --     Capital expenditure EUR 79 million (EUR 85 million) 
   --      Net assets EUR 1,183 million (EUR 1,076 million) 
   --     Equity EUR 382 million (EUR 387 million) 

High electricity prices increased the network losses remarkably and affected Elering's profitability in 2021.

The Annual Report and Financial Statements will shortly be available at the National Storage Mechanism (NSM) at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism and at the company's web site: https://elering.ee/en/annual-reports .

Enquiries:

Mrs Riina Käi

Chief Financial Officer

Tel: +372 71 51 222

E-mail: riina.kai@elering.ee

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